Tipped as a future Ballon d'Or winner, the Portugal midfielder has hinted he'd view the move as a step down.
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He told Canal 11: "It would be silly to leave!
"I don't think it's the best thing for me. I feel very good here at PSG!
"I feel that people appreciate me a lot and I feel that I have earned that affection.
"I love being here at PSG, and so does my family. We have a fantastic group and an incredible coach (Luis Enrique)."
While cool on Real Madrid, Vitinha admits a future move to the Saudi Pro League also wouldn't interest him.
He added, "Let's not be naive. I'm more committed to a stable career. I already earn very well here in Europe, at a big club. Doubling or tripling that salary wouldn't make me any happier."